Wall Street Breakfast: Must-Know News [View article]
Re: the dollar Deficits in excess of 10% of GDP; an administration and Congress committed to increasing healthcare costs and reducing ernergy efficiency. A fed committed to real negative interest rates "for a prolonged period", and quantitative easing. In the long run, a weak dollar will be part of the answer to our profligate ways. It is just a good thing that the rest of the world has no attractive place to go without the Chinese hurting themselves.
Wall Street Breakfast: Must-Know News [View article]
So, can we revisit this "uncoupling" concept. The BRIC countries have continued to grow their economies this year, and now we find that the EuroZone alos grew a bit in Q2. Enough of the egotistical claims that the US will lead the world out of the recession. Played properly, we will be pulled out of the rut by healthier partners.
Wall Street Breakfast: Must-Know News [View article]
In the looming battle between the US nationalized car companies (with GMAC) and the Japanese, where does Ford fit? One would have to assume that the billions of taxpayer dollars will somehow favor US companies - but only those owned by the UAW and the Obama administration? Reading today's SA article (and comments) on Electric Vehicles, the writer and commenters place the Japanese way ahead of GM. But, if they play here, they cannot be allowed to win. A most intereswting industry - and only a warm-up for healthcare.
Wall Street Breakfast: Must-Know News [View article]
That 70% of the economy being consumer spending looks remarkably like the artificially-stimulate... 70% home ownership figure that started this mess. Neither was sustainable. The way out is not to stimulate more consumer spending and debt. It is to increase savings and production.
Wall Street Breakfast: Must-Know News [View article]
Deficits in excess of 10% of GDP; an administration and Congress committed to increasing healthcare costs and reducing ernergy efficiency.
A fed committed to real negative interest rates "for a prolonged period", and quantitative easing.
In the long run, a weak dollar will be part of the answer to our profligate ways. It is just a good thing that the rest of the world has no attractive place to go without the Chinese hurting themselves.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]